Dia has acquired 100% of the El Arbol supermarket chain. The shares of El Árbol have been valued at EUR 1.
• Dia will acquire the existing participative loan with the payment of a fixed price of EUR 26 million and a variable price linked to the performance of certain financial figures amounting to a maximum of EUR 25.8 million. There is also a maximum estimated financial debt of EUR 99 million.
• Additionally, Dia has agreed to concede a financing line to El Árbol of EUR 7.5 million to ensure the company’s operations.
• Currently, El Árbol operates 455 stores mainly in the regions of Asturias, Castile - Leon, Aragon, Estremadura and Galicia with 2013 net sales of EUR 822 million.
• Dia will keep the El Árbol banner and will develop its fresh products range.